Hello, dear reader!
Yesterday it was speculation, today it is fact: Sainsbury's buys Argos for GBP 1.3 billion. More mega deals are about to take place with a Chinese chemical giant poised to acquire Swiss agriculture company Syngenta and Germany's Baywa ready to take a majority share in a Dutch fruit business. Online retailer Ocado, on the other hand, still waits for a partner.
Asia & South Pacific
Consumers want naturalness and clear information
An independent consumer study shows: consumers wish for natural food and drink with easy to understand ingredient information â especially when it comes to colour.
Find out how food and drink manufacturers can meet todayâs consumer demands.
ChemChina wants Syngenta The state-owned Chinese chemical giant is set to buy the Swiss pesticide manufacturer for around US$ 42 billion. The deal would make ChemChina the world’s largest supplier of pesticides. Last year, agriculture company Monsanto failed to merge with Syngenta despite relentless efforts.
Anticipated acquisitions Sainsbury's has finally reached an agreement with Home Retail Group to acquire Argos for GBP 1.3 billion and become a combined food and non-food empire to challenge its rivals +++ Meanwhile, Germany’s Baywa Group plans to expand into the exotic fruit business and take over a majority share in TFC Holland for EUR 28.7 million.
Good times for luxury goods The world’s largest luxury group, LVMH, beat expectations during the last three months of 2015, as resilience in Europe, Japan and the United States helped compensate for weakness in China. Traffic at the group's stores in France was almost back to normal after the November attacks in Paris.
usa & canada
Total Produce buys in California The Irish multinational produce company has announced that it has acquired a 65% stake in Progressive Produce, a Los Angeles-based grower, packer and distributor of conventional and organic produce to the retail, wholesale and foodservice sectors in the US and Canada.
Amazon thinks brick-and-mortar After having opened its first physical store in its home town Seattle last year, the online giant plans to open up to 400 book stores according to Sandeep Mathrani, CEO of mall giant General Growth Partners. However, Amazon has not confirmed the openings.
Preventing waste Over the past 20 years, packaging has effectively delivered on sustainability including economic, environmental, and social learnings, according to a ‘study of packaging efficiency as it relates to waste prevention’ by ULS (Use Less Stuff).
Cutting costs A joint project, called 'True Cost of Food', aims to educate consumers at the point of sale about how best to keep food supplies sustainable +++ Over in Canada, retailer Sobeys is set to encourage healthy eating by reducing prices on many produce items at its stores.